Zepto Raises $665 Million in Series F, Valuation Hits $3.6 Billion
Quick commerce startup Zepto has closed its largest funding round yet, positioning itself to compete with Blinkit and Instamart in the rapid delivery market.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $665 M |
| Stage | Series F |
| Valuation | $3.6 billion |
| Lead investor | StepStone Group |
| Sector | Quick Commerce |
| Coverage | Startup Funding |
Quick commerce startup Zepto has raised $665 million in its Series F funding round, pushing its valuation to $3.6 billion. The round was led by StepStone Group, with participation from existing investors including Glade Brook Capital, Nexus Venture Partners, and Y Combinator Continuity.
A New Chapter in Quick Commerce
The funding comes at a pivotal time for the quick commerce sector in India. With Blinkit (owned by Zomato) and Swiggy's Instamart aggressively expanding their dark store networks, Zepto is using this capital to solidify its market position.
"This investment will fuel our expansion into 15 new cities and double our dark store count to 700 by the end of next year," said co-founder Aadit Palicha. "We're also investing heavily in our supply chain technology to bring delivery times under 8 minutes."
The Quick Commerce Battle
The Indian quick commerce market is projected to reach $5.5 billion by 2025, growing at over 50% annually. Key players are competing on:
What's Next for Zepto
With this funding, Zepto plans to:
The company has grown 5x year-over-year and now processes over 1 million orders daily. Investors are betting that quick commerce will fundamentally change how urban India shops for essentials.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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